Go2Net to buy IQC.com for $20 million

Internet directory Go2Net announces it will acquire IQC.com, a financial information Web site, for $20 million in stock.

January 2, 20024:43 PM PST

Internet directory Go2Net today announced it will acquire
IQC.com, a financial information Web site, for $20 million in stock.

The transaction will bring Go2Net a
suite of free and subscription-based financial analysis and real-time
charting services, which the company plans to fully integrate with its Silicon Investor site.

Shares of Go2Net were up 2.94 points at 128 in late morning trading today. The stock has hit a high of 199 and a low of 6.4 during the past 52 weeks.

"The number-one request for product improvement related to Silicon Investor
has been for comprehensive financial charting and equity tracking
opportunities," said Go2Net chief executive Russell C. Horowitz in a
statement.

Go2Net blasted higher a few months ago after billionaire investor Paul
Allen, a Microsoft cofounder, invested about $750 million in the company,
hoping at some point to link the Internet directory with his expanding
cable empire, Bloomberg reported recently. Allen's Vulcan Ventures owns the
seventh-largest U.S. cable company.